The jackpot for the MEGA Millions draw on Fri Nov 13, 2026, is projected to be $555 Million, with an option for a cash payout of $235.2 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New Mexico residents, the state will deduct 5.9% from your lottery earnings.
| New Mexico MEGA Millions Jackpot/Cash Option for Fri Nov 13, 2026 |
|---|
| Draw Date | Fri Nov 13, 2026 | | Projected Jackpot | $555,000,000 | | Cash Value | $235,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $235,200,000 | | Federal Tax(24%) | $56,448,000 | | Additional Federal Tax | $30,536,330 | | State Tax(5.9%) | $13,876,800 | | Net Lumpsum Payment | $134,338,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,353,305 |
$3,051,053
$492,845 |
$4,809,407 |
| 2 |
$8,771,220 |
$3,205,682
$517,502 |
$5,048,036 |
| 3 |
$9,209,670 |
$3,367,908
$543,371 |
$5,298,391 |
| 4 |
$9,670,320 |
$3,538,349
$570,549 |
$5,561,422 |
| 5 |
$10,153,725 |
$3,717,209
$599,070 |
$5,837,446 |
| 6 |
$10,661,550 |
$3,905,104
$629,031 |
$6,127,415 |
| 7 |
$11,194,350 |
$4,102,240
$660,467 |
$6,431,643 |
| 8 |
$11,754,345 |
$4,309,438
$693,506 |
$6,751,401 |
| 9 |
$12,342,090 |
$4,526,904
$728,183 |
$7,087,003 |
| 10 |
$12,959,250 |
$4,755,253
$764,596 |
$7,439,401 |
| 11 |
$13,606,935 |
$4,994,896
$802,809 |
$7,809,230 |
| 12 |
$14,287,365 |
$5,246,655
$842,955 |
$8,197,755 |
| 13 |
$15,001,650 |
$5,510,941
$885,097 |
$8,605,612 |
| 14 |
$15,752,010 |
$5,788,574
$929,369 |
$9,034,067 |
| 15 |
$16,539,555 |
$6,079,966
$975,834 |
$9,483,755 |
| 16 |
$17,366,505 |
$6,385,937
$1,024,624 |
$9,955,944 |
| 17 |
$18,234,525 |
$6,707,105
$1,075,837 |
$10,451,583 |
| 18 |
$19,146,390 |
$7,044,495
$1,129,637 |
$10,972,258 |
| 19 |
$20,103,765 |
$7,398,723
$1,186,122 |
$11,518,920 |
| 20 |
$21,108,870 |
$7,770,612
$1,245,423 |
$12,092,835 |
| 21 |
$22,164,480 |
$8,161,188
$1,307,704 |
$12,695,588 |
| 22 |
$23,272,815 |
$8,571,272
$1,373,096 |
$13,328,447 |
| 23 |
$24,436,095 |
$9,001,686
$1,441,730 |
$13,992,679 |
| 24 |
$25,658,205 |
$9,453,866
$1,513,834 |
$14,690,505 |
| 25 |
$26,940,810 |
$9,928,430
$1,589,508 |
$15,422,872 |
| 26 |
$28,288,350 |
$10,427,020
$1,669,013 |
$16,192,317 |
| 27 |
$29,702,490 |
$10,950,252
$1,752,447 |
$16,999,791 |
| 28 |
$31,187,670 |
$11,499,768
$1,840,073 |
$17,847,829 |
| 29 |
$32,747,220 |
$12,076,802
$1,932,086 |
$18,738,332 |
| 30 |
$34,384,470 |
$12,682,584
$2,028,684 |
$19,673,202 |
|
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